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182 North 4th Street, Willi...

JustSalad Leases Retail Space At 182 North 4th Street In Williamsburg, Brooklyn
LEASEDRetail

JustSalad Leases Retail Space At 182 North 4th Street In Williamsburg, Brooklyn

182 North 4th Street, Williamsburg, Brooklyn, NY, USA

Building Size

1,500 SF

Asset Type

Retail

Closing

Nov 3, 2021

AI

Located at 182 North 4th Street in Williamsburg, Brooklyn, this property is a 1,500 square feet retail space that was recently leased. The lease agreement was finalized on 11/03/2021. The property is owned by CB Developers and SK Development, represented by Scott Shnay. The tenant for this space is JustSalad, a popular salad restaurant. Neil Seth from Cushman & Wakefield acted as the tenant's representative in the lease negotiation. On the landlord's side, the representatives are Carolina Aziz and Ike Bibi from KSR. The asking rent for this retail space was $200 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 182 North 4th Street, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Landlord: CB Developers & SK Development - Scott Shnay
  • Tenant: JustSalad
  • Tenant's Rep: Neil Seth - Cushman & Wakefield
  • Landlord's Rep: Carolina Aziz & Ike Bibi - KSR
  • Asking Rent: $200/ft.
  • SF: 1,500

The individuals and companies involved in this lease deal include JustSalad as the tenant, represented by Neil Seth from Cushman & Wakefield. On the landlord's side, CB Developers and SK Development are the owners, represented by Scott Shnay. The lease negotiation was facilitated by Carolina Aziz and Ike Bibi from KSR.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
SK Development
SK DevelopmentBrokerage
SK Development
SK DevelopmentLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93